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On Wednesday 21 of November 2018 at 08:00 GMT we will be implementing new standard margin rates for FX and CFDs. These margin rates will remain in effect until further notice.

These margin rates will remain in effect until further notice, as we continue to monitor the geopolitical and market situation closely.

What will the margin rates be?
The following tables gives you an overview of the affected instruments on your account.

FX

FX

Current minimum margin

Minimum margin from 21 November

SEK

2.5%

3.0%

RUB

7%

7.5%

CFDs

Index Tracker CFDs

Current minimum margin

Minimum margin from 21 November

EU Stocks 50

3%

4%

Swiss 20

3%

4%

France 40

3%

4%

Netherlands 25

3%

4%

Germany 30

3%

4%

Commodity CFDs

Commodity CFDs CFDs

Current minimum margin

Minimum margin from 21 November

NY Cocoa

5%

8%

Cotton

4%

5%

Soybeans

4%

5%

Silver

8%

5%

Gasoline US

8%

5%

UK Gas Oil

8%

5%

Heating Oil

8%

5%

You can check the upcoming changes to margin rates and collateral requirements for your respective margin profile in the trading platform under ‘Account – Margin and Collateral’.

Margin Monitor Feature
Since Monday 22 October, the new ‘Margin Monitor’ feature is be available in GTS Web and GTS Pro, to complement the existing Margin and Collateral changes module. This provides an overview of the positions that are affected by margin changes, and shows the current and the simulated margin after all changes have been applied.

Access to the Margin Monitor
The Margin Monitor will be available through an icon on the Account Toolbar (on the Account Summary in GTS Pro). The Margin Monitor is also available in My Account.

How does this impact your trading?
If you have open positions in any of the affected markets, please ensure that you monitor your positions carefully and maintain sufficient funds in your account to meet the increased margin requirements during this period of turmoil.

We recommend you keep the following in mind, especially when trading during periods of potential market volatility:

Consider placing relevant resting orders in advance. Market liquidity may vary substantially, and trade/quote requests may be unavailable at times as existing resting orders and new market orders are filled as priority

Market orders are not guaranteed to be filled at any specific price – they will be filled “at best” according to available market price when processed

Stop Loss orders are converted to Market orders once triggered, so are not guaranteed to be filled at your stop order level – gaps in available liquidity can result in significant slippage on Stop orders

Using Stop Limit type orders (rather than Stop Market) can be very beneficial as they allow the client to specify the worst acceptable immediate fill rate after triggering, and they will rest in the order book if not able to be filled immediately

Buying options (i.e. puts to protect long positions and calls to protect short positions) could be a hedging vehicle suitable for market uncertainty since they offer protection at the fixed Strike price, rather than Stop orders where fills on gapped prices can occur

Please be advised that we are no longer going to be supporting Nasdaq OMX Nordic Equities Subscriptions due to changes in the Nasdaq OMX Nordic Equities exchange licensing policies associated with this subscription. Existing subscriptions will be terminated and the ability for clients to subscribe to this exchange as non-professionals will be removed. Professional subscriptions have been removed on Aug 1st 2018 as previously communicated here.

Subscriptions to be removed

Current view of the instruments

Instruments on OMX that show zero on the price are supposed to be still tradable.

Please be advised that we are no longer going to be supporting Nasdaq OMX Nordic Equities Professional Subscriptions due to changes in the Nasdaq OMX Nordic Equities exchange licensing policies associated with this subscription. Existing subscriptions will be terminated and the ability for clients to subscribe to this exchange as professionals will be removed. Private subscribers can still apply for the real-time subscription as usual.

Subscriptions to be removed

Current view of the instruments

Instruments on OMX that show zero on the price are supposed to be still tradable.

The following table provides indicative rates for withholding amounts on equity and interest income associated with equity and bond purchases made at Euro Pacific Securities (Global Trading). Rates are subject to change. This table is informational purposes and is not guaranteed as to accuracy.

Product Updates & Enhancements

New navigation

The new navigation makes it fast and easy to access the main components: Account Summary Watchlists, Positions and Orders in a single tap.

Other functions are accessed through the menu icon.

Redesigned Watchlists, Order and Positions

The Watchlist, Positions and Orders sections have been redesigned to offer a simpler layout, with easy access to detailed information through the use of info card which appear when you select an instrument.

The info cards allow you to swipe between key information for the position or order, a chart for the instrument and key market information for the instrument.

Account summary

The Account Summary was also redesigned to give an overview of all accounts and easy access to details on a particular account.

Trade Ticket

The new Trade Ticket has recently been introduced which is optimised for easier navigation and use on mobile devices with more touch-friendly controls.

Effective Monday, 9 July 2018 Global Trading LTD will improve the order checking of futures and options orders, so that the initial margin is used for the entire portfolio. The change only relates to pre-check of futures and futures options so clients without positions in these instruments are not affected.

A new Aggregated Amounts tool is now available which exports aggregated amounts for your holdings into an Excel sheet. These include daily exposures, position values, P/Ls, costs and bookings and allows you to filter and process these amounts based on your own use cases.

The exported Excel sheet includes sections for:

Aggregated Amounts – a full list of relevant amounts affecting your accounts in the period

PL – The total P/L (realised +unrealised) per instrument per day

Cash movements –amounts that were booked on your account per day

Aggregated amount is available under Account > Historic reports > Aggregated amounts in the platforms.

Please note that this is for convenience in converting trade amounts from the quote currency. The trade amount will always be placed in the base currency (EUR for EURJPY in this example).

Please be advised that we are no longer going to be supporting Dow Jones and S&P stock indices subscription due to substantial increases in pricing associated with offering this subscription.

IMPORTANT: These are just the non-tradable stock indices, not exchanges. All US equities and derivatives and the DJIA and S&P Index derivatives, such as options on these indices currently offered in the platform will still be tradable.

Subscription to be removed

Current view of the instruments

Please contact trading support ([email protected]) if you have any further questions about these changes.

Product Updates

Quick trading from the chart

Two new buttons have been added to the chart toolbar giving access to:

Instruments where quick trading is available, quick trading as either a market or limit order with price tolerance

Placing orders on the chart

The button gives access to quick trade the instrument as a market order or limit order with price tolerance.

Click the amount to the left of the buy/sell quick trade buttons to select the trade amount. Click the Tolerance to the right of the buy/sell buttons to edit price maximum tolerance you are willing to accept.

To enable/disable position summary

Fibonacci fan

A new indicator, Fibonacci fan, is now available from the Annotations menu.

Fibonacci fans can be both rising or falling trend lines based on Fibonacci retracement levels. Fibonacci fan lines and can be used to estimate support and/or resistance levels in the financial markets.

The default Fibonacci ratios are the same as used in the other Fibonacci annotations available in the charts.

Weighted Close (WTC) indicator

Two new Indicators are now available from the Indicator menu. Weighted Close (WTC) and Kaufman’s Adaptive Moving Average (KAMA).

The Weighted Close indicator is now available from the indicators menu and is another way of looking at the price data of exchange-traded instruments. The weighted close price is an average of the price for the chart period, placing a greater emphasis on the closing price rather than the high and low. The Weighted Close indicator is calculated by multiplying the close by two, adding the high and the low to this product, and the result dividing by four. As there is only one price for Weighted Close it is shown as a line.

As you can see from the Apple chart below, the ‘normal’ close and the weighted close differ most of the time.

Kaufman’s Adaptive Moving Average (KAMA)

Kaufman’s Adaptive Moving Average (KAMA) was developed by Perry Kaufman and is a moving average, trend-following indicator that can be used to identify price turning points. It is designed to take market noise and volatility into account so that if volatility is high, the KAMA will be farther away from the current price confirming the trend and when a trend may be coming an end, the KAMA value will be closer to the market price.

The KAMA indicator differs from other moving averages such as Exponential Moving Averages which uses a weight variable, by using a constant called the ‘efficiency ratio’ to measure the strength of a trend.

Hang Seng Indices subscription fee change

The Financial Statement gives an overview of your activity on an account in the selected period.

It consists of 5 main parts:

Account Summary: shows a general overview of your opening and closing cash balances and total account values for the selected period.

*Client Activity: charges made to your account as a result of your trading activity, both for open and closed positions. This may include interest charges on negative account balances, share dividends and related withholding taxes. The section may also display cancellations of such entries.

Open Positions: shows positions in any instrument type open at the end of the selected period. For cash instruments, the value of the position is the market value. For margin instruments it is the unrealized P/L at the end of the selected period. ISIN codes are included where applicable.

*Regarding the Client Activity-section, the following definitions are often helpful:

CFD Cash Adjustment: relevant for single stock CFDs and index tracking CFDs – when a stock pays out a dividend the share price falls also the price of the CFD will fall. To reflect that this fall is not a market move, when you are long of a CFD, you will receive a cash adjustment on the ex dividend date in the same amount as the dividend on the share, typically net of an “Adjustment Fee” designed to mirror the withholding tax. When you are short in a CFD, you will benefit from the fall of the CFD’s price, and again to reflect that this is not a market move, you will pay a “CFD Cash Adjustment” designed to reflect the full dividend. CFD Index Trackers will also be adjusted in the same way when the underlying shares pay out dividends.

Return Adjustment: When a CFD Cash Adjustment is paid on a long CFD position (Also for index tracking CFDs) a Return Adjustment is subtracted, The Return Adjustment is designed to mirror the cash-flow from the default withholding tax rate in the relevant market for the underlying dividend payment.

CFD Finance: CFD finance amount paid or received for some CFD types, for example most Index Tracker CFDs at Saxo are margined products, and you finance the traded value through an overnight credit/debit charge. If you open and close a CFD position within the same trading day, you are not subject to overnight financing. You can see the relevant financing rates in your trading conditions under “CFD Financing Conditions”.

Borrowing Costs: amount paid or received on short single stock CFD positions. This is in addition to CFD Finance. If many market participants are interested in shorting a particular CFD, there will be an additional cost for shorting it because the cost of borrowing the share increases.

Service Billing Amounts: Cost related to price feed / live data costs / news-feeds that you have subscribed to.

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Euro Pacific Intl. Bank Inc. is licensed and regulated by the Office of the Commissioner of Financial Institutions (OCIF) in Puerto Rico as an International Financial Entity (license # IFE-033). International Financial Entities (IFEs) are licensed and regulated by the Office of the Commissioner of Financial Institutions pursuant to Act No. 273 of September 25, 2012, as amended (the IFE Act) and Regulation No. 5653. Euro Pacific Intl. Bank Inc. is authorized to trade as Euro Pacific Bank. Euro Pacific Bank is not insured by the FDIC in the United States.

Proprietary mutual funds are offered through Euro Pacific Funds SCC Ltd., a licensed public mutual fund company in St. Vincent and the Grenadines.

Fund and investment advisory services are offered through Euro Pacific Advisors Ltd., a licensed fund management company in St. Vincent and the Grenadines.

Euro Pacific Securities, Inc., Euro Pacific Funds SCC Ltd., and Euro Pacific Advisors Ltd., are all wholly owned subsidiaries of Euro Pacific Intl. Bank Inc., but are not governed by the laws and protections of Puerto Rico or the United States.

Disclaimer

This Website is intended for the use of NON United States or Puerto Rican citizens or residents.

The products and services provided on this website are not intended for use by any individual or entity in a country where the use would be contrary to law. Certain products and services offered on this website may have legal and or regulatory restrictions and may not be available in all geographical jurisdictions. The information contained on this website is intended for informational purposes only and is not a solicitation for any products or services.

Please be aware that the Bank will be operating on modified opening hours for the holiday season. Holiday hours are listed here for your convenience.
Euro Pacific Bank wishes you a happy holiday season and all the best in 2019.